Tag Archives: Sands China
China – Sands Cotai tipped for London revamp
Local news service Macau Business Daily has reported that Sands Cotai Central will bring a London theme to its four towers; St. Regis, Sheraton Grand, Conrad and Holiday Inn. It quotes a Sands China source saying: “The decision is done, it’s now just a matter of starting to work on it.” The towers have been…
China – Parisian helps increase Sands’ mass market in Macau by 16 per cent
The opening of the Parisian in Macau has helped boost Sands China’s mass gaming segment by 16 per cent, giving the company its strongest growth in the segment since the second quarter of 2014. However a mystery female gambler dented that growth after a huge winning streak in the casino, so much so that she…
China – Parisian Macau to open with 410 tables
Las Vegas Sands’ Parisian Macau will open with 410 gaming tables, having been granted permission to open with just 100 new tables by Macau’s Secretary of Economy and Finance. The amount will rise to 150 with 25 extra tables being allowed at the start of 2017 and another 25 a year later. This is exactly…
China – The Parisian will push Sands China back to growth
Having delivered disappointing GGR of US$1.48bn, down 16.4 per cent on last year’s second quarter, Sands China is convinced that the market has bottomed out and that its next resort The Parisian will see growth return to Sands’ Macau portfolio. Sands Chairman and CEO Sheldon Adelson said on a conference call that increases in both…
China – Sands China sees ‘signs of stabilisation’
Las Vegas Sands saw its steepest fall in eight months after revenue fell by another 9.8 per cent in the first quarter, dropping to $2.72bn and missing estimates of $2.88bn. Whilst highlighting the plight of Macau’s under-performing casino market, the operating giant did say that its saw ‘signs of stabilisation, particularly in the mass market’…
China – Interblock to supply Venetian Macau and Sands Macau
Interblock has signed a landmark deal with Sands China to supply its flagship Diamond Product Line to Venetian Macau and Sands Macau. The incoming installation features a combination of 21 Diamond Roulette units with eight stations and 10 Diamond Sic-Bo units with eight stations equipped with their latest features and functionalities, bringing a total of…
China – Macau’s woes slice 26 per cent from Las Vegas Sands’ earnings
The continuing decline of the Macau casino sector has hit Las Vegas Sands hard with its second-quarter earnings in China falling by 26 per cent to $1.77bn. Net revenue for the second quarter of 2015 decreased 19.4 per cent to $2.92bn, compared to $3.62bn in the second quarter of 2014. Overall, profit came in at…
China – Leaked report slammed by Sands as being ‘like a movie script’
A ‘highly confidential’ report, leaked to the Guardian newspaper in the UK, claims that casinos owned by Sands China were used by US agents to ‘entrap and blackmail Chinese officials.’ The report, by a private investigator in 2010, claims that officials in Beijing believed US-owned establishments in Macau were frequented by CIA officials. It said:…
China – Macau slump sinks Sands in first quarter
Las Vegas Sands saw its first-quarter earnings drop by 34 per cent due to poor results in Macau where its four casinos reported a decline in net revenue of 35 per cent. Revenue at Sands China crashed to $1.77bn. Overall, Las Vegas Sands saw a profit of $511.9m down from $776.2m from a year earlier….
